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earnings will be very much held captive by the fact that the uncertainty not only about the fiscal cliff but debt ceiling. >> very quickly, john, we're lose altitude in this market rapidly. what do you make of this, and what are you expecting to close here? >> just shows you how fragile our markets r.one comment out of washington can take profits off the table intraday. we'll hold on to our gains here. >> thanks, everybody. we appreciate it. where exactly do we stand in these fiscal cliff negotiations in the latest now from our john harwood, on your stomping ground. good to see you both. what do you make of this comment from harry redd, john, saying it's unlikely we get a deal by christmas? are they posturing? they don't want to put their spending cuts on the table but want the republicans to. is this posturing? >> i think it's posturing. jay carney gave a white house briefing saying i'm not going to reveal anything about the status of the talks in negotiation beyond the fact that they took place. the support trying to hammer republicans publicly. he's got the high side public opinion on
earnings will be very much held captive by the fact that the uncertainty not only about the fiscal cliff but debt ceiling. >> very quickly, john, we're lose altitude in this market rapidly. what do you make of this, and what are you expecting to close here? >> just shows you how fragile our markets r.one comment out of washington can take profits off the table intraday. we'll hold on to our gains here. >> thanks, everybody. we appreciate it. where exactly do we stand in these...
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i mean, if we go over the fiscal cliff and don't have a debt deal by year end, what you will to cut jobs? what's the impact on dupont if we don't get a resolution in time in. >> it's hard to predict because it's hard to know. i do think if there's an issue and we don't avert a cliff i think we as a country will react quickly. i criit will have an impact. i along with many of my peers have been advocating very strongly to rise above the issues and take a balanced aprove. we understand that spending has to be kur mild and the issue is the debt in this country, an issue we have to handle. >> handling that debt includes spending cuts as well as changes in the tax code. what would you like to sigh? what would make the most sense as a corporate executive running one of the most important companies in the world, what would make sense on the tax structure changes that you're debating right now on your standpoint? >> we have a very complex tax code in this country for corporations as well as individuals, and for corporations we need taxes in this country to be more on a coordinated basis with our
i mean, if we go over the fiscal cliff and don't have a debt deal by year end, what you will to cut jobs? what's the impact on dupont if we don't get a resolution in time in. >> it's hard to predict because it's hard to know. i do think if there's an issue and we don't avert a cliff i think we as a country will react quickly. i criit will have an impact. i along with many of my peers have been advocating very strongly to rise above the issues and take a balanced aprove. we understand that...
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and number two, do you believe we're going over the fiscal cliff? what are the implications for our children if we don't get our arms around the zmet redebt? real quick two questions. >> hello? >> maya? maya, are you with me? >> hey, folks. >> unbelievable. two important questions for maya. we're going to get those answers from maya. i really want to get out there what it means for our children because getting our arms around the debt is quite important and whether or not we need to cut medicare. we'll get her answers when we come back. meantime, let's slip in a short break. then we have ranking republican on the senate banking committee, richard shelby in the shohouse. she's goi he's going to be up next on his reaction from the geithner interview. stay with us. busy hour. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... y
and number two, do you believe we're going over the fiscal cliff? what are the implications for our children if we don't get our arms around the zmet redebt? real quick two questions. >> hello? >> maya? maya, are you with me? >> hey, folks. >> unbelievable. two important questions for maya. we're going to get those answers from maya. i really want to get out there what it means for our children because getting our arms around the debt is quite important and whether or...
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keep it out of the fiscal cliff stuff. do we raise the retirement age to ease our debt? >>> treasury secretary tim geithner will speak later to steve leisman about the fiscal cliff talks. we'll have a preview and discuss what traders want to hear. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> goldman sachs earlier today cutting its outlook for gold and prices are closing right now. we have about a $2 loss in
keep it out of the fiscal cliff stuff. do we raise the retirement age to ease our debt? >>> treasury secretary tim geithner will speak later to steve leisman about the fiscal cliff talks. we'll have a preview and discuss what traders want to hear. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than...
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we're going to have a fight on the fiscal cliff. another on the debt ceiling. it's destroying confident in the markets and what bothers me, larry, you know the subprime crisis hit like that. there was no warning. we could have another one like that. >> somebody has to control spending. i think the debt ceiling over a period of time is one way to do it. i'm sorry to you both. i have to get out of here. >> only roughly 800 billion apart. they can come together and solve it. >> i think the main tax -- >> for the good of the country. i'm probably not going to like the deal but that's probably what will happen. >> thank you so much. quick programming note. i will come to you life from our nation's capital tomorrow night as part of cnbc's special all day coverage. rise above, mission critical. now how do you like this scenario? the u.s. government using our tax money to build up an electric battery firm but after it fails the company sells out to a chinese outfit who takes advantage of our own taxpayer dollars. now producing for japan. there is something wrong with t
we're going to have a fight on the fiscal cliff. another on the debt ceiling. it's destroying confident in the markets and what bothers me, larry, you know the subprime crisis hit like that. there was no warning. we could have another one like that. >> somebody has to control spending. i think the debt ceiling over a period of time is one way to do it. i'm sorry to you both. i have to get out of here. >> only roughly 800 billion apart. they can come together and solve it. >> i...
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very soon after this fiscal cliff issue moves forward, we're going to be moving forward on the debt ceiling debate. you have said you do not agree with president obama that he basically wants to take this debt ceiling debate off the table and this no barriers. why? >> it's like taking the limits off a teenager daughter's credit card. if you don't have limits you're going to spend forever. if the president didn't have limits, didn't have to come to us, work out an agreement, spending goes on forever, debt and deficit, pretty soon -- >> play with people's lives every couple of years on this debt ceiling. look, i want this, otherwise i'm not going to prove it. >> don't play with lives but pocketbook of american people. time we stopped spending so much. debt cap is like credit card cap, it works. >> there's been a suggestion where he need to reduce mortgage interest deduction, a million dollars. should that come down. >> you shouldn't never pick one deduction out and say that's where i'm going to do it. i favor capping on a means test. for example, if you're in the top 2%, maybe maximum deducti
very soon after this fiscal cliff issue moves forward, we're going to be moving forward on the debt ceiling debate. you have said you do not agree with president obama that he basically wants to take this debt ceiling debate off the table and this no barriers. why? >> it's like taking the limits off a teenager daughter's credit card. if you don't have limits you're going to spend forever. if the president didn't have limits, didn't have to come to us, work out an agreement, spending goes...
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one area of those fiscal cliff negotiations that is getting very little attention but could have a major ramification for you and your kids is the estate tax. we will drill down on the future of the inheritance tax. and the other side of google, the internet giant slashing bills -- stashes, i should say, billions in tax shelters to avoid paying taxes. is that fair play or is it absolutely outrageous? we'll talk about that at 1:00 p.m. eastern time. now back to scott and the fast money "halftime report." >> over the weekend johnny manziel made history as the first freshman to win the heisman trophy and with a great nickname to go along with his great story it would seem as though the sky is the limit for the kid they call johnny football. our brian shactman is live in new york city with the texas a&m qb. brian? >> they call him johnny heisman now, too. only the fifth player ever in college football to throw for more than 3,000 yards and run for at least 1,000. johnny, thanks for joining us. first of all, how you holding up? >> not bad. i'm enjoying all of this. just taking it in stride. m
one area of those fiscal cliff negotiations that is getting very little attention but could have a major ramification for you and your kids is the estate tax. we will drill down on the future of the inheritance tax. and the other side of google, the internet giant slashing bills -- stashes, i should say, billions in tax shelters to avoid paying taxes. is that fair play or is it absolutely outrageous? we'll talk about that at 1:00 p.m. eastern time. now back to scott and the fast money...
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we've got to address the cliff. we've got to raise the debt ceiling. and most importantly, we need long-term deficit reduction to get the fiscal sustainability. so, they've got a lot more to do than simply working on the -- >> i agree with that. in fact, the way i put it which is what i meant which is the resolution of the cliff. but i don't think the cliff gets resolved until we resolve the tax rate issue and then the other parts can follow. >> that makes sense. >> there's an editorial, op-ed in "the times" today that says do you know what, it's an aging society. that aging society means higher payments out to the wealthy -- to the elderly from the government. higher medicare spending, higher retirement spending, and especially something we have to get used to and we're going to have to bump up the share of the economy, that is, from the government because that's the way we're going to have to live if we want to take care of the elderly. mark, is that a reality? does that mean higher -- i'm sorry, lower long-term growth rates for the economy? >> well,
we've got to address the cliff. we've got to raise the debt ceiling. and most importantly, we need long-term deficit reduction to get the fiscal sustainability. so, they've got a lot more to do than simply working on the -- >> i agree with that. in fact, the way i put it which is what i meant which is the resolution of the cliff. but i don't think the cliff gets resolved until we resolve the tax rate issue and then the other parts can follow. >> that makes sense. >> there's an...
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we have breaking news on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled between the principals. wasn't that much going on staff to staff. that's changed today from yesterday. to you have some discussions resumed. i don't want to overplay the significance, but it is an encouraging sign for people who think that the ice had been beginning to crack around some of the positions, especially with the republicans on taxes. we may be looking for some forward movement. got to watch over the next day or so. >> this is good news, john. >> it is good news. it is an indication that we may be intensifying discussions t
we have breaking news on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards...
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. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much be
. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible...
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limit increase. >> john harwood, thank you. >>> let's see where we do stand on the fiscal cliff deal. let's look at our "rise above" meter. time to stop talking and start actle. we were at a half-way point, now back to a quarter on the "rise above" meter, closing to no deal than deal. >>> lawmakers trying to solve the fiscal cliff issue. police trying to solve a burglary at the home of california congressman darrel issa. according to reports, more than 50 pieces of jewelry worth about $100,000 were stolen from the congressman's home on november 29th. watches, earrings, rings, bracelets involved and what issa spokesperson calls irreplaceable family air looms. >>> to the jobs report today. super storm sandy slammed the east coast but it looks like it didn't have all that much impact on the labor market. november jobs numbers coming in much stronger than expected. steve leisman who's had a very busy week here to talk about the numbers and put it in context for us. >> hi, sue. no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said.
limit increase. >> john harwood, thank you. >>> let's see where we do stand on the fiscal cliff deal. let's look at our "rise above" meter. time to stop talking and start actle. we were at a half-way point, now back to a quarter on the "rise above" meter, closing to no deal than deal. >>> lawmakers trying to solve the fiscal cliff issue. police trying to solve a burglary at the home of california congressman darrel issa. according to reports, more...
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the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending. and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise tax rates on many small business owners. now, even if we did exactly what the president wants, we would see red ink for as far as the eye can see. that's not fixing our problem either. it's making it worse, and it's hurting our economy. i think the members know i'm an optimist. i'm hopeful that we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together. towards the best possible solution. and that means cutting spending. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when is the president
the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending. and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise tax rates on many small business owners. now, even if we did exactly what the president wants, we would see red ink for as far as the eye can see....
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the real fiscal cliff is what happens if we don't strike a good deal, that actually deals with our debt and deficit. and that's when the credit markets, capital markets will really respond. i'm far more concerned about that than i am the deadline at the end of the year. >> a lot of discussion about boehner's caucus. not just in the house so much, but even in the senate. this is a quote from jeff sessions today. washington has become possessed by the idea that a small group of negotiators meeting in secret can solve the deep, painful and systemic problems plaguing this country. this is a siren song. do you think the process here at large is flawed? >> well, i don't know that you would get anything better if you had both bodies working on it in total. we are where we are. i think the best chance we have now are for the negotiators to strike a deal and put that on the floor of the house and the senate. >> of course, last time, speaker boehner did a deal with obama. it was actually rejected by the rest of the gop, and the whole thing fell apart. how significant is it as boehner looks to mak
the real fiscal cliff is what happens if we don't strike a good deal, that actually deals with our debt and deficit. and that's when the credit markets, capital markets will really respond. i'm far more concerned about that than i am the deadline at the end of the year. >> a lot of discussion about boehner's caucus. not just in the house so much, but even in the senate. this is a quote from jeff sessions today. washington has become possessed by the idea that a small group of negotiators...
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ceiling worries, fiscal cliff worries. we know there will be a little bit less money in the economy because even if we get a deal, we know tax rates are going up. so i wonder, even if a deal with done, i wonder how much umph the market -- it really gets from that knowing that we're headed into just troubled waters for most of 2013, i would say. there's this notion we have all this trillions of dollars on corporate balance sheets. and it's just going to be unleashed. i wonder how much that's offset by the damage already being done. >> no, certainly, and that may be priced in just like you said. but i do think we will see a bump up here on the equity markets and some thin volume. hopefully we see santa claus reality, but to speak specifically to be shorter investment, if you see some type of resolution, there will be a knee jerk reaction. look at the s&p level, 1460. we could go test that in two days, joe. it's not that far away from where we're at right now. >> you just look at what's happening in apple, all the people that
ceiling worries, fiscal cliff worries. we know there will be a little bit less money in the economy because even if we get a deal, we know tax rates are going up. so i wonder, even if a deal with done, i wonder how much umph the market -- it really gets from that knowing that we're headed into just troubled waters for most of 2013, i would say. there's this notion we have all this trillions of dollars on corporate balance sheets. and it's just going to be unleashed. i wonder how much that's...
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even if we get through this fiscal cliff thing, you know, the first quarter of next year we're probably going to hit the debt ceiling again. you know what they're going to do there. they're going to find another solution and probably run some more money up. well, you're watering things down. there's really -- in my estimation, there's only one way for gold to go. that's up. i don't think we're in a bubble. wro who knows. >> todd hoffman, in i'm ever in portland, i'll buy you a voodoo donut together and we can bicycle around portland. >> let's do it. hand in hand. >> there you go. take care, buddy. thanks for joining us. short break. we're back after this. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making
even if we get through this fiscal cliff thing, you know, the first quarter of next year we're probably going to hit the debt ceiling again. you know what they're going to do there. they're going to find another solution and probably run some more money up. well, you're watering things down. there's really -- in my estimation, there's only one way for gold to go. that's up. i don't think we're in a bubble. wro who knows. >> todd hoffman, in i'm ever in portland, i'll buy you a voodoo...
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what do americans, average americans, want to see in a fiscal cliff deal? steve leisman here now with our exclusive results of the cnbc all-america economic survey. what do americans want, steve? >> what you would expect. free stuff, tyler. actually, no, we'll get into that in a second. first we want to show you results of our december cnbc all-america survey. what we asked about the fiscal cliff. the first thing we wanted to establish is do people know about this thing? we looked at some of the other times we've asked this. what we'll see right here is other situations where they knew it, where other main stories that were out there. for example, the trayvon martin shooting. 91% of americans knew about that. occupy wall street, 80%. going forward what you have here, facebook, 72%. all the way down to 70%. you can look at this a couple ways. here's the greek financial crisis. 30% of the public not really paying attention to. inside that 70% number, 36% have know a lot about it. we'll compare with other stuff we asked last time about when they had a debt --
what do americans, average americans, want to see in a fiscal cliff deal? steve leisman here now with our exclusive results of the cnbc all-america economic survey. what do americans want, steve? >> what you would expect. free stuff, tyler. actually, no, we'll get into that in a second. first we want to show you results of our december cnbc all-america survey. what we asked about the fiscal cliff. the first thing we wanted to establish is do people know about this thing? we looked at some...
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a lot of people have been drawing similarities between the current fiscal cliff negotiations and that debt ceiling standoff from last year. so we have one former insider who joins us right now. he's been through this before. he probably knows how to read the signs better than just about anybody out there. bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon. >> i think it's a strong sign there is movement. i don't know that. i'm not on the inside. i don't know what's going on. i doubt the speaker is going to stand up and speak to the body and say nothing's happening and we're not going anywhere and just give a partisan speech. so i'm hopeful that that's what this mea
a lot of people have been drawing similarities between the current fiscal cliff negotiations and that debt ceiling standoff from last year. so we have one former insider who joins us right now. he's been through this before. he probably knows how to read the signs better than just about anybody out there. bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks...
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most of that is because of fiscal cliff. can you see here the current probability, 28.5% we'll have a recession in the next 12 months. we had a low in march of almost 20%. that compares with a high. remember the debt ceiling debate of 36%. that chance going up. i want to show you in detail what dan greenhouse wrote in with his response in the survey. if the cliff is triggered and the cuts/tax increases remain in place for several weeks or worse, several months, it's hard to construct a scenario where the u.s. economy is not in recession. this is what's interesting here. recovering from that recession is not as simple as fixing the cliff's issues. the u.s. economy is not a light switch. you don't turn it back on. so the question, will we go over the cliff? on the first, looks like no, we won't go over. we'll avoid it. 41% say, yes, we'll go over, 46% say we won't. look at this, 13% don't know. we talk about uncertainty in the economy. i would add 41% who say we're going over with the 13% who say we don't know. that's 54% righ
most of that is because of fiscal cliff. can you see here the current probability, 28.5% we'll have a recession in the next 12 months. we had a low in march of almost 20%. that compares with a high. remember the debt ceiling debate of 36%. that chance going up. i want to show you in detail what dan greenhouse wrote in with his response in the survey. if the cliff is triggered and the cuts/tax increases remain in place for several weeks or worse, several months, it's hard to construct a scenario...
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cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into where we are with this global market. more now on the global trading day in europe. 5-4 advances just about outpace decliners on the dow jones stoxx 600. most european stocks were up yesterday. the dax up 13 points. the dax, second highest close of the year, still up 27.5% for the year. right now, the ftse sound, the cac kron, closed at a fresh 52-week high. and the ftse is up 13 points despite falls from italian banks. let's show you where we are as far as the bond yields are concerned. we just check in. italian yields, 4.4% on the year. we'll show you the twos and tens, as well. i'll give you more on how that compares to where we closed yesterday. so the two-year, that's the low where we were yesterday. 10-year spanish yields, 5.581%. two-year yield, 2.35%, kind of where we were yesterday, too. and they'
cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into where we are with this global market. more now on the global trading day in europe. 5-4 advances just about outpace decliners on the dow jones stoxx 600. most european stocks were up...
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the fiscal cliff, the chairman and vice chairman will join us first on "squawk" to talk about the debt negotiations. at 8:30 eastern the weekly job numbers. and a disruptor, applico founder and ceo alex moazed will join us at the bottom of the hour. becky if you interview him it's moazed so if it's wrong stick with that so no one will know. we shed $35 million of market as well mopping the reasons cited by analysts a forecast by an influential research firm suggesting the iphone iphone is giving up to google's headlines. apple accounts for the entirely of the mass dnasdaq's fall of 1. apple is enjoying its best day since early last week. didn't close on its highs but equities up 8% points or so. futures back in positive territory, up 15 and down and up five or so. everybody's watching what's going on in d.c. overnight in asia it was mixed but not big moves sni where, japan had a good day and in europe we have green roar rows yesterday morning which pour tended good things for us here, germany doing the best. >> as expect the bank of england and european central banks left their ratings
the fiscal cliff, the chairman and vice chairman will join us first on "squawk" to talk about the debt negotiations. at 8:30 eastern the weekly job numbers. and a disruptor, applico founder and ceo alex moazed will join us at the bottom of the hour. becky if you interview him it's moazed so if it's wrong stick with that so no one will know. we shed $35 million of market as well mopping the reasons cited by analysts a forecast by an influential research firm suggesting the iphone...
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Dec 6, 2012
12/12
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and then the fiscal cliff blame game, new data on who americans blame for the gridlock in washington plus is congressional leadership holding up negotiations in d.c.? former senator, co-chair of the campaign to fix the debt judd gregg is here with his take on that. the death cross is on for what was once the favorite name apple, shares rebounding back to 547. is this finally the opportunity to get in? alex gauna is an analyst with jmp securities. good to have you with us. >> good morning, thank you. >> a lot of discussion how technically some defenders say apple is exacting exactly as it should. do you see it that way? >> technically i think the dangerous thing is this stock forms a head and shoulders and i don't know where the support comes in, somewhere in the 400s. that's a key risk to the stock. i focus on the fundamentals. it's worrisome in the near term for apple. when there's a lot behind that, the relationship with samsung the frenemy relationship has gone to enemy. also the closing competitive gap between apple and rival products out there, so many of those that have subsidi
and then the fiscal cliff blame game, new data on who americans blame for the gridlock in washington plus is congressional leadership holding up negotiations in d.c.? former senator, co-chair of the campaign to fix the debt judd gregg is here with his take on that. the death cross is on for what was once the favorite name apple, shares rebounding back to 547. is this finally the opportunity to get in? alex gauna is an analyst with jmp securities. good to have you with us. >> good morning,...
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Dec 11, 2012
12/12
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if we get through that, we got the debt ceiling -- man we can fix the fiscal cliff. we're going to hype -- i can't wait for the debt ceiling now. man is that going to be something, too. that's going to be our next thing. >> constant entertainment. >> oh, talk about it. >> you've got -- you think this is brinksmanship. when is the deadline? i can't wait. >> it's february, right? the beginning of february. >> what's the slogan for that? >> let me come up with that. >> negotiate up. >> we don't want this to end with the fiscal cliff. we got -- and it won't. anyway -- >> how about the s&p 500? >> coming up the hunt for yield at times of uncertainty. institutional investors looking for alternatives to the lower return on fixed income. we're going to talk to the north carolina treasurer and the co-founder of investment firm cambridge associated. >> over president barack obama's first term the federal debt to gdp ratio increased over 19%. it is projected to increase over 20% by the end of his second term. [ male announcer ] you are a business pro. monarch of marketing analy
if we get through that, we got the debt ceiling -- man we can fix the fiscal cliff. we're going to hype -- i can't wait for the debt ceiling now. man is that going to be something, too. that's going to be our next thing. >> constant entertainment. >> oh, talk about it. >> you've got -- you think this is brinksmanship. when is the deadline? i can't wait. >> it's february, right? the beginning of february. >> what's the slogan for that? >> let me come up with...
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Dec 13, 2012
12/12
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cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happened with ben bernanke's comments and now the target in terms of tying interest rates to unemployment, which is a very new and big development for the fed. >> cnbc is talking over and over again, 2 million jobs to be lost, not if but when we go over the cliff. ben bernanke is listening to what this network is saying, recognizing there is going to be a dram mat hillsborough county job loss if we go over the cliff that is force austerity, that is firing people. look at spain when they got serious. italy. it meant a lot of firings. he says i see what we are going to do follow these countries that have fiscal responsibility a lot of people are going to be fired. don't worry, i'm going to do my best. what what are you going to do to keep people employed? >> keeping the heat on congress, came up a number of times, of
cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happened with ben bernanke's comments and now the target in terms of tying interest rates to unemployment, which is a very new and big development for the fed. >> cnbc is talking over and over again, 2 million jobs to be lost, not if but when we go over the cliff. ben bernanke is listening to what this network is...